Health IT Business News – September 27, 2017

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Posted By: Annmarie Budniak September 27, 2017

ZirMed and Navicure – Even Better Together
ZirMed (@zirmed) and Navicure (@Navicure) have announced they are joining forces to become one united company! As two leaders in revenue cycle management, they are coming together to provide more than 400,000 hospitals, health systems and ambulatory services organizations with a comprehensive suite of analytics-driven solutions proven to help improve financial performance.

CareCloud Honored as one of South Florida’s Fastest Growing Companies
CareCloud (@carecloud), the platform for high-performing medical groups, has been named to South Florida Business Journal’s Fast 50. This list recognizes the fastest growing private companies in the region based on their annual revenue growth. CareCloud earned the #13 spot among companies with more than $25 million in annual revenue.

InstaMed Partners With Bridge Bank to Expand Credit Facility
InstaMed (@InstaMed), healthcare’s most trusted payments network, announced that it has expanded its credit facility through a new banking relationship with Bridge Bank. The new partnership will support the accelerated growth of the InstaMed Network of providers, payers and consumers.

GlobalMed Taps Telehealth Expert, Gigi Sorenson, to Lead Clinical Integration
GlobalMed (@globalmed_usa), an international provider of telehealth solutions, announced that Gigi Sorenson has joined the company as Director of Clinical Integration. Sorenson’s three decades of experience implementing new care delivery solutions, including telehealth, will strengthen GlobalMed’s ability to enhance product and business process delivery with even greater clinical intent.

Spok Solutions Achieve SOC 2 Type II and JITC Certifications
Spok, Inc. (@spoktweets), a wholly owned subsidiary of Spok Holdings, Inc. and a provider of healthcare communications, announced that its paging, secure messaging, and emergency notification solutions have earned Service Organization Control 2 (SOC 2) Type II validation. This designation follows an extensive audit performed by a leading global professional services firm. The audit confirms that Spok’s information security practices, policies, procedures, and operations meet the SOC 2 standards for security, integrity, availability, privacy, and confidentiality. The SOC 2 Type II certification, developed by the American Institute of Certified Public Accountants (AICPA), is the most widely recognized method for sharing independently reviewed information about a service organization’s internal controls.

T-System Agrees to be Acquired for $200 Million, Fueling Further Innovation and Growth in Healthcare Technology
T-System, Inc. (@Tsystem) announced it has signed a definitive agreement to be acquired by FNFV Group, the investment arm of Fidelity National Financial, Inc., a Fortune 500 financial services firm. T-System is the first healthcare technology investment for FNFV, which is slated to pay $200 million in cash for T-System. The transaction creates significant new opportunities for T-System and its customers, employees and vendor partners.

Advantum Promotes Brand Relaunch
Advantum Health (@RevenueSherpa), formerly iHealth Innovations, has launched a new website to unify the company’s recent business acquisitions, which include DNA Healthcare, AllDocuments, Inc. and emPower Docs, LLC. With clients, services, and operations across the country under various company names and identities, the organization is consolidating under the name Advantum Health to better reflect the advantage the collective powerhouse offers its clients.

Healthcare Machine Learning Startup Cogitativo Closes $5M Series A Financing
Cogitativo Inc., the first-to-market machine learning and data-science-as-a-service company for healthcare organizations, announced the closing of a $5 million Series A funding round. The strategic investment by HCSC Ventures, Inc., a wholly-owned subsidiary of Health Care Service Corporation which specializes in investments in innovative health care companies, will support the product-line expansion for anomaly detection and real-time operational decision support solutions for healthcare payers.

Harris Williams & Co. Advises Capsa Healthcare on its Sale to Levine Leichtman Capital Partners
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, recently announced the sale of Capsa Healthcare, a portfolio company of Keystone Capital, Inc., to Levine Leichtman Capital Partners. The transaction was led by Cheairs Porter, Andy Dixon, Paul Hepper, Nick Owens, Taylor Will and Charles Busch of Harris Williams & Co.’s Healthcare & Life Sciences Group.

ScImage and INVIA Partnership Announced
ScImage, Inc. (@ScImageInc) and INVIA Imaging Solutions recently announced their formation of a joint partnership at the American Society of Nuclear Cardiology’s 22nd Annual Scientific Session. ScImage, a provider of web-based image and information management systems, has teamed with INVIA, a provider of cardiology imaging software solutions, to enable users of their PICOM365 Enterprise PACS seamless access to 4DM. Users of PICOM365 will now have access to 4DM’s advanced quantification capabilities as part of their on-premises, Cloud, or hybrid enterprise solution.